Roger Ver “Saves Few Bucks” With Dash, Loses $30,000 To Bitcoin Volatility: Woo
Roger Ver’s use of Dash to avoid Bitcoin’s transaction fees has led to ridicule due to the altcoin’s volatility.
Bitcoin commentator Willy Woo has called out Roger Ver over his use of Dash to get around Bitcoin’s transaction fees.
Ver, a proponent of increasing block sizes considerably in order to increase capacity, yesterday said he had resorted to using altcoin Dash to move his money in order to avoid paying a high Bitcoin transaction fee to process his payment in a short enough time.
Responding to Ver’s announcement, Woo was critical.
Bitcoin is keeping up with “exponentially growing” demand despite “short-term clogging” of transactions, Woo continued.
Adding a more hopeful perspective to the Bitcoin scaling debate, Woo tweeted a graph of transactions per second on the Bitcoin network on Friday, noting that in principle, it was coping.
His comments come as Bitcoin price continues to reach new highs, with trading activity rising to match. At the same time, the backlog of unprocessed transactions has recently spiked several times, fuelling concerns that Bitcoin is unable to cater to mainstream demand due to its Blockchain’s technical limitations.
Meanwhile, on Thursday, ex-Bitcoin Core Developer Gavin Andresen gave his most upfront support yet to Ver’s much-touted Bitcoin Unlimited solution, calling it a “viable” way forward to dealing with “destructive congestion.”